The Threat of Unsustainable Practices A recent report by the World Economic Forum (WEF) identifies extreme weather events and critical changes to Earth’s systems as the top long-term risks to humanity. [1] The urgency of the situation is further underscored by the United Nations Environment Programme (UNEP) COP28 report, which warns that exceeding the 1.5°C warming threshold is becoming increasingly likely and could have devastating consequences. [2] The overdependence on fossil fuels is a significant contributor to these factors. The International Energy Agency’s World Energy Outlook 2023 highlights that fossil fuels comprise over 81 percent of the global energy mix, accounting for over 73 percent of human-caused greenhouse gas emissions. [3] Transitioning to cleaner and greener energy sources is imperative. To achieve this transition, exploring alternative, low-carbon energy sources is crucial. The COP28 UAE consensus includes an unprecedented reference to transitioning away from all fossil fuels in energy systems “in a just, orderly, and equitable manner”. [4] Participating nations were urged to triple their renewable power and double their energy efficiency by 2030 to reach net-zero emissions by 2050. Renewable energy sources such as bio-energy, solar, wind, and hydropower will play an important role in achieving this goal. [5]
Authors
- Attribution
- Ravindra Utgikar and Sayali Thakare, “The Promise of Bioeconomy as a Solution for Sustainability,” ORF Issue Brief No. 729 , September 2024, Observer Research Foundation.
- Pages
- 11
- Published in
- India
Table of Contents
- The Threat of The Threat of 3
- Unsustainable Practices Unsustainable Practices 3
- Decarbonising Mobility with Ethanol 4
- Renewable 4
- Gasoline blending 4
- Oxygenating agent 4
- Biofuels for Biofuels for 4
- Sustainable Mobility Sustainable Mobility 4
- Ethanol Feedstock and Its Impact on Carbon Footprint 5
- IOCLs 2G Ethanol Biorefinery 5
- Biofuels for Biofuels for 5
- Sustainable Mobility Sustainable Mobility 5
- Bioplastics as a Solution Bioplastics as a Solution 6
- Boosting 2G Ethanol in India 7
- Increased viability gap funding 7
- Differential pricing 7
- Assured off-take and export 7
- Life-cycle analysis LCA and carbon credits 7
- Policy Recommendations for Policy Recommendations for 7
- Biofuels and Bioplastics Biofuels and Bioplastics 7
- Bio-Based Solutions and Bio-Based Solutions and 8
- Global Commitments Global Commitments 8
- Endnotes Endnotes 9
- Endnotes Endnotes 10
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